Coin 98 Is Likely to Bounce off $0.0500
Coin 98 (CNE) is up 5.0% this week to $0.0583, underperforming the broader crypto market where Bitcoin (BTC) has gained 8.6% to $92,238. While the crypto space remains in rally mode, momentum has paused slightly following Bitcoin's breakout above the critical $90,000–92,000 resistance. The move to $94,618, driven by easing U.S.-China trade tensions, is now being tested. A successful retest would likely renew bullish momentum, supporting further gains across altcoins.
CNE, however, is showing relative weakness. It’s hovering near key support at $0.0500, a level that has historically provided a floor but offers little cushion should prices fall further. The lack of strong support below this threshold is concerning, though it may also signal the formation of a bottom if the token stabilises here.
The Coin 98 community remains on alert amid concerns surrounding the DeFusion sell-off between April 24–25. However, there is no current indication that this event will materially impact CNE prices. For now, holding above the $0.0500 level remains critical.
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